1

OFFICE ToWER

(to be built on the SW corner of 104 Avenue and 101 Street) n Cost

$300 million
DATES
n Construction to begin soon with a target completion date of late summer 2016

DETAILS

n City hopes to save $5 million from efficiencies n Staff will be moved from HSBC building, CN Tower, and Scotia Place

Anyone who has ever wondered how a city grows need only take a walk down 104 Avenue in the next few months. It may not look like much now, but by 2017 Edmonton’s downtown core will have almost $2 billion worth of new developments. That kind of large-scale building means 104 Avenue will never look the same again. “This is a key project that will have a major impact on the ongoing transformation happening right here in the heart of our city,” said Edmonton Mayor Don Iveson this week, announcing that the downtown arena, at 104 Street, was on budget and ready to begin construction. “It will build a vibrancy in our downtown that does not

DoWNToWN BooM
LAZZARINo
david.lazzarino@sunmedia.ca @SUNDaveLazz

DAVE

exist today but is starting to take off.” The arena is only one of three large projects to be going up in the area in the next few years. Down the street, the federal and provincial governments have put $340.5 million into the new site for the Royal

Alberta Museum, which is going to be moved from its present location in Glenora. Just across from the arena will be a $300-million office tower being built to house a third of the city’s downtown employees. For those workers, consolidation from existing downtown buildings is hoped to increase efficiency as entire departments can be put under one roof. Whether it does that remains to be seen, but what is clear is the street now lined with empty lots and sporadic structures is at the apex of change and will soon be busier than ever.

n Guaranteed cost of construction:

2
n Cost:

ARENA

$360 million
n Furniture, fixtures and n Land, project management, equipment: design, engineering, site services, construction systems and equipment:

(MaIN BUILDING)

dETAILS

$480 million

n Comes with agreement to house the Edmonton Oilers for 35 years n Will be run by the Edmotnon Arena Corporation, a Katz Group company A further

$80 million

$40 million

$500 million
CITY EDITOR Nicole Bergot 780.468.0281 nicole.bergot@sunmedia.ca

in development is planned for the area, including a hotel, large underground parked, retail and residential space

SPORTs eDITOR Barry Hanson 780.468.0262 barry.hanson@sunmedia.ca

COMMeNT 780.468.0141 edm-mailbag@sunmedia.ca

LIFE eDITOR Victoria Revay victoria.revay@sunmedia.ca

PHOTO eDITOR Tom Braid 780.468.0297 tom.braid@sunmedia.ca

SHOWBIZ eDITOR Kevin Williamson 416.947.2118 kevin.williamson@sunmedia.ca

HOMe DelIVeRY/CUsTOMeR seRVIce: 780.468.5121 or FAX: 780.468.0340 • Switchboard: 780.468.0100 • News: 780.468.0281 • Sports: 780.468.0262 • Classified advertising: 1.888.786.7821 • advertising: 780.444.5469

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